Jennison Associates Portfolio holdings
Jennison Associates, founded in 1969 and headquartered in New York City, is a global investment management firm managing over $194 billion in assets as of late 2024, specializing in active equity and fixed-income strategies. A subsidiary of PGIM, the asset management arm of Prudential Financial, Jennison serves a diverse client base—including institutions, sub-advisory clients, public plans, endowments, and corporations—with a focus on fundamental research, bottom-up portfolio construction, and high-conviction investing. Known for its equity expertise across styles, geographies, and market capitalizations, as well as investment-grade fixed-income offerings, the firm employs seasoned portfolio managers averaging 29 years of industry experience and 16 years with Jennison. With additional offices in Boston and a culture emphasizing intellectual rigor and long-term client outcomes, Jennison has built a reputation for excellence and stability in the investment management industry.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Boeing
BA
|
+$788M |
| 2 |
Netflix
NFLX
|
+$687M |
| 3 |
UnitedHealth
UNH
|
+$638M |
| 4 |
Trade Desk
TTD
|
+$513M |
| 5 |
Home Depot
HD
|
+$374M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$2.12B |
| 2 |
Tesla
TSLA
|
+$717M |
| 3 |
Uber
UBER
|
+$656M |
| 4 |
argenx
ARGX
|
+$579M |
| 5 |
Eli Lilly
LLY
|
+$473M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 38.7% |
| 2 | Consumer Discretionary | 19.7% |
| 3 | Healthcare | 12.45% |
| 4 | Communication Services | 10.26% |
| 5 | Financials | 7.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
HOLX
276
DELISTED
Hologic
HOLX
| $30.1M | 0.02% |
+420,981
| New | +$29.3M |
|
|
BRDG
277
DELISTED
Bridge Investment Group
BRDG
| $29.9M | 0.02% |
3,054,378
-29,032
| -0.9% | -$235K |
|
278
Crown Holdings
CCK
$13.2B
| $29.7M | 0.02% |
+323,030
| New | +$27.4M |
|
279
Littelfuse
LFUS
$11.8B
| $29.4M | 0.02% |
109,962
-83,795
| -43% | -$20.1M |
|
280
Arcutis Biotherapeutics
ARQT
$3.26B
| $29.3M | 0.02% |
9,066,082
+4,633,907
| +105% | +$12.6M |
|
281
Agnico Eagle Mines
AEM
$76.3B
| $29.3M | 0.02% |
533,728
+45,889
| +9% | +$2.29M |
|
282
Skyward Specialty Insurance
SKWD
$2.5B
| $28.8M | 0.02% |
850,729
-505,572
| -37% | -$15.5M |
|
|
NARI
283
DELISTED
Inari Medical, Inc. Common Stock
NARI
| $28.8M | 0.02% |
443,509
+33,419
| +8% | +$2.01M |
|
284
Western Midstream Partners
WES
$19.3B
| $28.8M | 0.02% |
983,685
+115,336
| +13% | +$3.22M |
|
285
Apollo Global Management
APO
$76.8B
| $28.8M | 0.02% |
308,647
-91,946
| -23% | -$8.12M |
|
286
Texas Roadhouse
TXRH
$13.7B
| $28.7M | 0.02% |
235,174
-33,104
| -12% | -$3.54M |
|
287
Prologis
PLD
$130B
| $28.6M | 0.02% |
214,780
-120,920
| -36% | -$13.7M |
|
288
Entergy
ETR
$50.8B
| $28.5M | 0.02% |
+563,406
| New | +$27.5M |
|
289
Take-Two Interactive
TTWO
$44.9B
| $28.3M | 0.02% |
175,913
-82,104
| -32% | -$12.3M |
|
290
KKR & Co
KKR
$97.2B
| $28.2M | 0.02% |
340,882
+232,821
| +215% | +$15.8M |
|
291
Cognex
CGNX
$11.9B
| $27.8M | 0.02% |
667,138
-213,788
| -24% | -$8.21M |
|
292
Descartes Systems
DSGX
$6.63B
| $27.8M | 0.02% |
330,568
-2,933
| -0.9% | -$229K |
|
293
Prestige Consumer Healthcare
PBH
$2.46B
| $26.9M | 0.02% |
439,562
-38,259
| -8% | -$2.27M |
|
294
AvalonBay Communities
AVB
$27B
| $26.8M | 0.02% |
143,037
+92,463
| +183% | +$16.1M |
|
295
Avantor
AVTR
$9.25B
| $26.8M | 0.02% |
1,172,323
+280,360
| +31% | +$5.74M |
|
296
Cousins Properties
CUZ
$5.09B
| $26.6M | 0.02% |
1,092,361
+379,134
| +53% | +$7.77M |
|
297
Pinduoduo
PDD
$130B
| $26.5M | 0.02% |
180,803
-5,909
| -3% | -$717K |
|
298
Materion
MTRN
$4.72B
| $26.3M | 0.02% |
202,091
-184
| -0.1% | -$20.2K |
|
299
Xenon Pharmaceuticals
XENE
$6.19B
| $26.1M | 0.02% |
566,396
+352,573
| +165% | +$12.5M |
|
300
Hershey
HSY
$36B
| $26.1M | 0.02% |
139,881
+115,912
| +484% | +$22M |
|
Similar funds
Jennison Associates's Q4 2023 Portfolio in Review
As of Q4 2023, Jennison Associates held 638 positions worth $134B, up 14% from $118B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Jennison Associates's Q4 2023 filing shows 77 new, 236 increased, 267 reduced and 55 closed positions. Its largest new stake was Boeing: 3,684,483 shares worth $960M. The largest sale was NVIDIA, an estimated $2.12B.
By sector, the portfolio is most concentrated in Technology at 39% of assets, up from 37% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jennison Associates's largest Q4 2023 buy was Boeing: 3,684,483 shares worth $960M.
- Jennison Associates added most to Netflix in Q4 2023, an estimated $687M increase.
- Jennison Associates's biggest Q4 2023 reduction was NVIDIA, cutting an estimated $2.12B.
- Jennison Associates fully exited Ulta Beauty in Q4 2023, selling an estimated $452M.
- Jennison Associates's ten largest holdings make up 40% of its $134B portfolio in Q4 2023.
- Jennison Associates opened 77 new positions and closed 55 in Q4 2023.
- Jennison Associates's portfolio value rose 14% quarter-over-quarter to $134B.
Based on Jennison Associates's 13F filing for Q4 2023, filed 1 Feb 2024.